Cablevision
Categories: Companies traded on the New York Stock Exchange | Television stubs | American cable companies
- Not to be confused with Cablevision, an unrelated Canadian cable company.
| Image:Cablevision Logo.gif | |
| Type | Public (NYSE: CVC) |
| Founded | 1973 |
| Location | Bethpage, New York |
| Key people | Charles F. Dolan, Chairman James L. Dolan, President & CEO |
| Industry | Cable television, Professional sports |
| Products | Interactive Optimum Cable Television Services Optimum Online Cable Internet Madison Square Garden New York Knicks New York Rangers New York Liberty Hartford Wolf Pack |
| Revenue | $4.9 billion USD (2004) |
| Employees | 19,095 (2004) |
| Website | www.cablevision.com |
Cablevision Systems Corporation NYSE: CVC is a cable television company that serves parts of the Northeast of the United States, with most customers residing in New York, New Jersey and Connecticut. Cablevision also offers high-speed Internet connections (Optimum Online), as well as digital cable (iO), and VoIP phone service (Optimum Voice) through its Optimum brand name.
Cablevision holds a majority stake in the limited partnership (Madison Square Garden LP) that owns the Madison Square Garden arena in New York City, including the professional sports teams that play there—the New York Knicks, New York Rangers, and New York Liberty. The same company also owns the Hartford Wolf Pack, a minor-league professional hockey team, and operates (but does not own) two Connecticut sports venues, the Hartford Civic Center Coliseum and Rentschler Field. Other properties that are owned by Cablevision include Radio City Music Hall, Clearview Cinemas, and a satellite television company called Voom, which shut down on April 30, 2005. The company is based in Bethpage, New York on Long Island and is headed by the Dolan family who reside on Long Island.
In 2004 and 2005, Cablevision provided funding for an advertising campaign against the proposed construction of a stadium on the West Side of Manhattan supported by the Mayor of New York City, Michael Bloomberg. The stadium would have principally served the New York Jets, and was an essential part of New York City's failed bid for the 2012 Olympics. Cablevision had offered a competitive bid that far exceeded the bid of the Jets for property owned by the Metropolitan Transit Authority, where the new stadium would have been located. The plans to build the stadium were abandoned in June 2005 when the New York State Assembly under the leadership of Speaker Sheldon Silver refused to provide state subsidies for the project.
Corporate governance
Current members of the board of directors of Cablevision are: Charles Dolan, James Dolan, Patrick Dolan, Rand Araskog, Frank Biondi, Charles Ferris, Richard Hochman, Victor Oristano, Thomas Reifenheiser, John R. Ryan, Brian Sweeney, Vincent Tese, Leonard Tow, and Marianne Dolan Weber.
External links
- Cablevision website
- Interview (March 7, 2005) about possible sale of Cablevision
- Optimum Online High-speed broadband Cable Internet Service
- iO (Interactive Optimum) Digital Cable Television Service
- Optimum Voice Digital Phone Service
| List of cable and satellite television providers |
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| Cable television: Adelphia | Cablevision | Cablevision (Canada) | Charter Communications | Cogeco | Comcast | Cox | Eastlink | Foxtel | Mediacom | Optus | Persona | Rogers | Shaw | Saturn | Time Warner | Vidéotron |
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